An Alabama durable power of attorney form allows a person to choose someone else who will have the capability to act in their place for financial decision-making. The term “durable” refers to the designation that if the principal can no longer make decisions for themselves, a selected agent can act on their behalf.
A durable power of attorney designation ends when either revoked by the principal or a court and in the event of the principal’s death. It also can terminate upon divorce if the spouse is the agent. In rare cases, a court of law can invalidate the agreement.
All decisions made on behalf of the assigned agent must be to the sole benefit of the Principal in regard to:
In order for the form to be considered legal, it must be signed by all parties in front of a notary public.